Dyer, Arkansas Property Taxes
The median property tax rate in Dyer, AR is 0.65%, notably lower than both the national median of 0.99% and the Arkansas state median of 0.84%. With the median home value in Dyer at $77,450, the typical annual property tax bill is about $482, which is significantly less than the national median of $2,690. Property taxes in Dyer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Dyer's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dyer or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dyer, Arkansas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,680
Ownwell’s Dyer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dyer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dyer to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dyer, Arkansas
Property taxes in Dyer, Arkansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dyer is 0.65%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Dyer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dyer estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Dyer's effective property tax rate to other areas in Arkansas and the national median. For comparison, the zip code 72935 has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these areas compare with Dyer provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dyer Tax Rate
0.65%
Average Crawford County Tax Rate
0.52%
Average Arkansas Tax Rate
0.84%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dyer, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72935 | 0.15% | 0.39% | 0.65% | 0.94% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Dyer, Arkansas
In Dyer, Arkansas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Crawford County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Dyer, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, the median home price in Dyer is $77,450, with tax bills ranging from $220 at the 25th percentile to $1,339 at the 90th percentile. The zip code 72935 has the highest and lowest median tax bill of $482. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Dyer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dyer Assessed Value
$77,450
Average Crawford County Assessed Value
$143,650
Average Arkansas Assessed Value
$113,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dyer, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72935 | $25,540 | $50,800 | $77,450 | $117,225 | $161,630 |
Source: Ownwell
Property Tax Bills Across Dyer, Arkansas
In Dyer, located in Crawford County, AR, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is typically a percentage of the property's market value. For instance, with a median home price of $77,450, the property tax rate in Dyer is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Dyer experience varying tax bills, with the 25th percentile paying around $220 and the 75th percentile paying approximately $859. At the 90th percentile, tax bills can reach up to $1,339. These figures illustrate how property taxes can vary significantly within the city, influenced by factors such as property location, size, and improvements. Understanding how property tax bills are calculated helps homeowners budget effectively and anticipate their annual tax obligations, ensuring they are prepared for any financial commitments related to their property.
Average Dyer Tax Bill
$482
Average Crawford County Tax Bill
$716
Average Arkansas Tax Bill
$877
Average United States Tax Bill
$2,690
Property Tax Bills Across Dyer, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72935 | $89 | $220 | $482 | $859 | $1,339 |
Source: Ownwell